The Advance Payment Guarantee Letter is essential in commercial transactions where substantial advance payments are required. It serves as a risk mitigation tool, particularly in sectors such as construction, manufacturing, and international trade. Under Singapore jurisdiction, this document provides the beneficiary with a direct claim against the issuing bank, independent of the underlying contract. The guarantee typically includes specific conditions for claims, validity period, and maximum liability amount, structured in accordance with Singapore banking regulations and international banking practices.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Bank Details: Full name, address, and registration details of the issuing bank
2. Beneficiary Details: Full name, address, and registration details of the party receiving the guarantee
3. Principal Details: Full name, address, and registration details of the party requesting the guarantee
4. Guarantee Amount: Specific amount being guaranteed, expressed in both numbers and words, including currency
5. Underlying Contract Reference: Details of the contract or agreement for which advance payment is being made, including date and reference number
6. Validity Period: Explicit start and end dates of the guarantee, including conditions for expiry
7. Claim Conditions: Specific conditions and procedures under which the guarantee can be called upon
1. Reduction Clause: Terms and conditions for gradual reduction of guarantee amount over time or based on project milestones
2. Assignment Provisions: Terms regarding the transfer or assignment of guarantee rights to third parties
3. Dispute Resolution: Specific procedures and jurisdiction for handling disputes related to the guarantee
1. Form of Demand: Standard template for making a formal claim under the guarantee
2. Copy of Underlying Contract: Authenticated copy of the contract or agreement forming the basis for the advance payment
3. Payment Schedule: Detailed schedule showing the timeline and amounts for reduction in guarantee value, if applicable
Find the exact document you need
Guarantee Letter Payment
A legally binding payment guarantee document under Singapore law that provides financial security in commercial transactions.
Download
Bank Loan Personal Guarantee
A Singapore law-governed agreement where a guarantor assumes responsibility for a borrower's loan obligations in case of default.
Download
Open Bank Guarantee
A Singapore-law governed financial instrument where a bank provides an irrevocable undertaking to pay a specified sum to a beneficiary upon demand.
Download
Commercial Bank Guarantee
A Singapore-law governed bank guarantee providing financial security in commercial transactions, issued by a bank to guarantee payment or performance to a beneficiary.
Download
Contra Bank Guarantee
A Singapore-law governed counter-guarantee agreement between banks securing a primary bank guarantee issued to a beneficiary.
Download
Letter Of Credit Guarantee
A bank-issued guarantee document under Singapore law that provides payment security in international trade transactions.
Download
Government Deposit Guarantee
A Singapore law-governed guarantee instrument providing government protection for deposits in approved financial institutions.
Download
Banker's Guarantee For Individual
A Singapore-compliant bank guarantee document where a bank guarantees payment on behalf of an individual to a beneficiary.
Download
Assurance Of Support Bank Guarantee
A Singapore-law governed bank guarantee providing financial assurance from a bank to support obligations of a principal to a beneficiary.
Download
Construction Bank Guarantee
A Singapore-law governed bank guarantee providing financial security for construction projects, issued by banks to protect project owners against contractor default.
Download
Composite Bank Guarantee
A Singapore-law governed financial instrument combining guarantees from multiple banks to provide enhanced security for commercial transactions.
Download
Bank Guarantee Renewal Letter
A formal request to extend an existing bank guarantee's validity period under Singapore banking regulations.
Download
Bank Endorsement Guarantee
A Singapore-law governed bank guarantee instrument where a bank commits to pay a specified sum to a beneficiary upon compliant demand.
Download
Direct Bank Guarantee
A Singapore law-governed primary obligation by a bank to pay a specified sum to a beneficiary upon demand, subject to stated terms.
Download
Corporate Guarantee For Bank Loan
A Singapore law-governed corporate guarantee where a company guarantees repayment of another entity's bank loan obligations.
Download
Bank Guarantee For Deposit
A Singapore-governed financial instrument where a bank guarantees payment of a specified deposit sum to a beneficiary upon demand.
Download
Standby Letter Of Credit For Lease
A bank-issued guarantee document under Singapore law that secures a landlord against tenant default in lease obligations.
Download
Bank Surety Letter
A Singapore-compliant bank guarantee document where a bank provides financial assurance to a beneficiary against a principal's default.
Download
Bank Payment Guarantee Letter
A Singapore-law governed bank guarantee providing payment security from a bank to a beneficiary under specified conditions.
Download
Bank Guarantee For Rent
A Singapore bank's unconditional undertaking to pay a landlord a specified sum as rental security in place of a cash deposit.
Download
Bank Guarantee First Demand
A Singapore-law governed bank guarantee providing immediate payment upon first demand, without proof of default required.
Download
Unsecured Bank Guarantee
A Singapore-law governed bank guarantee where the bank provides an unconditional undertaking to pay without requiring security from the principal obligor.
Download
Financial Guarantee And Performance Guarantee
A Singapore law-governed guarantee document securing both financial obligations and performance requirements in commercial transactions.
Download
Domestic Bank Guarantee
A Singapore-governed bank guarantee where a bank commits to pay a specified sum to a beneficiary upon demand within domestic jurisdiction.
Download
Bank Guarantee For Tender
A Singapore-compliant financial instrument issued by banks to secure tender commitments, protecting the tender issuer against bid withdrawal risks.
Download
Bank Guarantee Discharge Letter
A formal document under Singapore law that releases a bank from its obligations under a previously issued bank guarantee.
Download
Non Financial Guarantee
A Singapore law-governed guarantee securing non-monetary performance obligations between parties.
Download
Digital Bank Guarantee
A digitally-issued bank guarantee under Singapore law, providing security through electronic means while maintaining legal enforceability.
Download
Bank Guarantee For Lost Bill Of Lading
A Singapore-law governed bank guarantee protecting shipping companies when delivering cargo without original bills of lading.
Download
Bank Guarantee For Commercial Lease
A Singapore-law governed bank guarantee securing a commercial tenant's obligations to their landlord.
Download
Guarantee Letter
A formal undertaking under Singapore law where a guarantor commits to fulfilling another party's obligations to a beneficiary.
Download
Counter Standby Letter Of Credit
A Singapore-law governed counter-guarantee instrument issued by one bank to another, backing an existing Standby Letter of Credit.
Download
Bank Guarantee Irrevocable
A Singapore-law governed unconditional undertaking by a bank to pay a specified sum upon demand, providing irrevocable financial security.
Download
Standby Letter Of Credit And Bank Guarantee
A Singapore-law governed financial security instrument providing payment assurance through bank undertaking.
Download
Bank Guarantee Letter Of Credit
A bank-issued guarantee of payment under Singapore law, providing security in international trade transactions.
Download
Trade Finance Bank Guarantee
A bank-issued financial guarantee governed by Singapore law, providing payment security in trade transactions.
Download
Irrevocable And Unconditional Bank Guarantee
A Singapore-law governed bank guarantee providing unconditional payment commitment upon demand.
Download
Letter Of Credit And Standby Letter Of Credit
A Singapore-law governed financial instrument issued by banks to guarantee payment upon presentation of specified documents, commonly used in international trade.
Download
Bank Credit Guarantee
A Singapore-governed bank guarantee document where a bank commits to fulfill specified financial obligations if a debtor defaults.
Download
Bank Assurance Letter
A legally binding financial guarantee document issued by a Singapore-licensed bank under Singapore banking regulations.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)